Comment Letter On Our Crime Scene Of A Stock Market

Tyler Durden's picture

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Cognitive Dissonance's picture

There's a tipping point in volatile markets when, in an instant, high frequency market makers stampede to rebalance their inventories, even cascading positions from firm to firm, while prices collapse.

The herd moving at a clock/cycle speed of 2 Ghz. Oh the insanity. Thank God it isn't at Planck speed or we'd be really screwed.

patience...'s picture

I would rather think of the Planck length as

Where a lot of banksters should end.

Common_Cents22's picture

Aren't speed limits the answer here? 

alien-IQ's picture's a story begging for some ZH love:

meanwhile in Wisconsin...13,000 people storm the Capitol and the mainstream media promptly ignores the story...which is, luckily for us, covered by...Russia Today...(the irony here is beyond thick)

Jason T's picture

are they willing to die for what they believe in?  I doubt it.

Cognitive Dissonance's picture

Give them time. We the people are just beginning to discover our inner courage and hidden rebel.

While courage can't be made, it can be found where it has been lying dormant and unused. Once found it grows quickly; some would say exponentially.

alien-IQ's picture

CD...the one thing I've become certain about is that when you start to see mass protests in America...the first people that will turn against the protesters will be fellow Americans because, let's face it, a large part of the population of this country are nothing but ignorant sycophants who are quick to support the type of socialism implicit in the vast subsidies to the military-industrial-complex, but not that type of socialism which maintains public projects for the disemployed and the unemployed alike.

The government will need not call out the National Guard on it's's people will police dissent themselves since it is dissent they fear and serfdom they embrace.

In short...this country is fucked...and quite deservedly so.

Cognitive Dissonance's picture

While I agree that initially the average Joe will continue his and her compliant ways and become junior sheep herders, those who begin to show courage will show more as needed. And courage becomes infectious when repeatedly displayed.....unless tanks are in the streets. That would quiet down the American protests. At least at first.

But then some (not all, not even a majority) of the compliant Joe's will look around and see the petty tyranny for what it is and begin to ask questions among themselves, even if only within their own minds. It won't take a majority to overcome this insanity, only a vocal minority. The mind of the mob is a wonder to behold. It can turn on it's controllers very quickly. This is why mobs are so frightening to TPTB.

It's going to get messy, very very messy. But TPTB will eventually have two choices. Relent or clamp down so hard that nobody will be able to remain in denial. Then there goes your productivity and the financial collapse is assured.

tsx500's picture

Sat. nite ....  rent   ' V for Vendetta ' .  eat popcorn.  watch V for Vendetta .  repeat .

Amish Hacker's picture

This is only the beginning, the phase when we argue over the distribution of remaining abundance. What happens when we face real hardship?

GoinFawr's picture

Alien IQ: Spot on. Sad, unfortunate, but spot on.

CogD: I hope you're right, but I'm not holding my breath.

thedrickster's picture

They are government employees revolting against an attack on their sacred unions and CBAs.

It's about damn time that CBA be taken away. Why in the world would any sane group of people allow government employees to unionize against the taxpayers, all the while using the "democratic process" in order to effectively vote themselves higher wages and unsustainable retirements.

Fuck the parasites, let them experience employment at will and a market wage.

alien-IQ's picture

so a teachers union demanding benefits they were already promised are parasites that should work for market wages? and what's your fucking idea of a fair market wage for the person burdened with the task of educating your child? $2 per day?

yet the fucking banks get trillions in bailouts for bad bets they made and scams they ran that blew up in their face...and their market wage is in the multi-millions per year...but I suppose you're just a-fuckin-ok with that huh?


thedrickster's picture

"so a teachers union demanding benefits they were already promised are parasites that should work for market wages?"

Benefits they extorted from the tax payers actually, collectively bargaining against Joe Property Tax payer who doesn't actually get any say in the matter but for his "vote".

"what's your fucking idea of a fair market wage for the person burdened with the task of educating your child? $2 per day?" Whatever the market will bare, competition is desperately needed to produce workable alternatives to the current set of government sponsored indoctrination camps.

"yet the fucking banks get trillions in bailouts for bad bets they made and scams they ran that blew up in their face...and their market wage is in the multi-millions per year...but I suppose you're just a-fuckin-ok with that huh?"

No of course not. That said the two are not mutually exclusive. Should the teachers take deep cuts simply to assure a continued revenue stream to the state's bondholders, no. The reality is however on display to WI's south, IL is a case study in parasitic public unions extracting unsustainable wages & retirements from the tax payers who are powerless to stop them. This WI move is a proactive one to stave off Illinois style debt slavery.

And I doubt very much that any TBTF got a penny from the State of Wisconsin.

oldowan's picture

"fucking" "fucking" "fucking" "fucking"...


You're screaming so loud that I cannot hear you.  



Impetuous's picture

The bankers got theirs so I want mine mentality will not help. Teachers should get a market wage. What that is we don't know because it has been decades since the unions monopolized the whole mess. Market wage does not mean a small wage. Perhaps the best teachers are worth a million dollars per year and the worst ones should get fired. We don't know because the unions prevent both.

alien-IQ's picture

Do you even know anybody that teaches for a living? I'm not talking about some tool teaching economics at some Ivy League brainwashing academy to pawn off his latest book as required reading...I'm talking about real average school teachers. Public High School and Middle School? these people aren't exactly living in the lap of luxury. In fact, most of the teachers I know, which is plenty since there are two in my family and many many of their friends are as well, work second jobs to make ends meet if they are not married with a working spouse. And this is the re3sult of collective bargaining...a barely living wage for a very important job. Of those teachers that I do know, none drive nice new cars. Few own a home. Most rent apartments. Yet...somehow...they must, according to some here, compete for lower wages? Are you people fucking crazy or just clueless?

thedrickster's picture

A close relative of mine makes six figures as an elementary school teacher in the broke ass state to WI's south.

This relative will receive 75% of salary with 3% annual increases for the rest of their life. Nice gig if I wasn't footing the bill.

Vampyroteuthis infernalis's picture

I wouldn't bank on your relative getting that pension the rest of their lives when the state files bankruptcy soon.

alien-IQ's picture

"makes six figures as an elementary school teacher"

that is quite simply an offensively blatant lie.

yes I am in fact calling you a liar.

Milestones's picture

My daughter is a 12 year teacher in another state with a Masters degree and is a master teacher and makes 30% less than your teacher example.

Further, she teaches high school to kids already committed to college--The cream of the cream of students.

My reaction__Illinois deserves to go broke if the people are that stupid. But most of all--I think you're full of it.    Milestones

poor fella's picture

Bull-fucking-shit...  >=P

Shut that skid-mark you call a mouth before more stink comes outta it.

arkady's picture

Since you have teachers in your families, why don't you excuse yourself from this discussion because you are clearly biased.  Apparently you can't tell a difference between teachers and unions. Nobody here on this board criticizes teachers, this is a union problem.  Collective bargaining is extortion, pure and simple.  Making an employer negotiate and restricting the employer's option to walk away from a "deal" is hardly democratic, fair or righteous.  Either is mandatory unionism which is how the union bosses thrive, plenty of teachers wish to be absolved of these annoying institutions. 

Public unions are a farce, contradiction in terms and do nothing but make the union bosses richer while screwing the: teachers, kids, taxpayers and overall community. 

arkady's picture

Yeah keep on junking, since you can't actually muster a logical argument this is your best bet. 

Impetuous's picture

The average elementary teacher across this country earns $102,000 per year counting wages and benefits. For those wonderful teachers out there who can single-handedly create an army of educated citizens (which we desperately need) that is too little. For those teachers who are not contributing to the education of their students, they should be removed from the classroom immediately. The unions prevent the good teachers from earning more and the poor teachers from being fired. In this way we discourage the best and coddle the worst. This cannot be good for the people these protestors should be more worried about: the students.

kornholio's picture

i call absolute BULLSHIT on 102 grand for elem teachers ACROSS the country... that is in FACT a lie, so show me your source. I live in NC and they dont make half of that here...the fucking principles dont make STFU

Common_Cents22's picture

Name one teacher who was forced into being a teacher.


My niece just chose to be a teacher, nobody forced her.


If you get your masters you can make a nice living.  When you annualize the pay, benefits, pensions's pretty dang good gig.   Starting pay does suck.  Again, nobody forces people into teaching and the comp is well known.


Comparisons between teachers and banksters is absurd.   I'll go ahead and compare myself with a hollyweird leading man and will you pay me the few million difference in earnings?

oldowan's picture

Doesn't matter.


We're out of money.



Uncle Remus's picture

so a teachers union demanding benefits they were already promised are parasites that should work for market wages?

Yeah, that about sums it up.

yet the fucking banks get trillions in bailouts for bad bets they made and scams they ran that blew up in their face...and their market wage is in the multi-millions per year...but I suppose you're just a-fuckin-ok with that huh?

I am not so sure that's a parallel you want to draw.

SRV - ES339's picture

Relax, the "Dickster" is just a Fox shill parroting the party line... Fox did a report on Wisconsin today, and the focus was 100% on the Dem Senators that have skipped the state so the GOP Gov's storm troopers can't find them and "force them to vote" (which is exactly what he's ordered)... of course to Fox they are communist traitors, instead of hero's standing up to tyranny.

To all the Tea Partiers out there... be very careful what you wish for... if you're not part of the top 10%, you are the enemy!

btw... the big issue here is not wages, they're more than willing to bargain... the GOP Governor (for all of a few weeks) will not talk, and gutting collective bargaining rights is the real goal of the Tea Party owned Gov.

thedrickster's picture

A shill, LOL.

No government employee should have CBA "rights" for it is everyone but the public employee that loses in the zero sum game, without a seat at the negotiating table.

I am all for private sector CBA but the tax feeders can/should fend for themselves.

Magic Mamaliga's picture

yup... i can already hear the chinese worker making our iphones now...

"fuck the parasites, let them experience child labour (reported at Foxconn ) and less than $2 a day wages while living in a shoebox with a dozen others in the same boat"

Misery loves company I guess.  It's easier to wish that these "parasites" be brought down to a lower level rather than fighting through the "democratic process" to get the same benefits.  I'm not saying it's easy to fight.  Maybe acknowledging that you might be angry at your perceived powerlessness is a start instead of effectively believing that "if i can't have it, nobody can..."

thedrickster's picture

I have absolutely no problem whatsoever with private sector unions and collective bargaining.

This is government, the other side of teacher union CBA are other government employees. These administrators etc aren't incentivized to ensure that retirement packages are sustainable, they have the customary short time horizon of actors in a democracy seeking to extract the maximum possible gain (labor peace, no bad press) with no concern whatsoever for whether the pensions are sustainable 30 years out. The taxpayers who are actually the unions CBA counter party have no say, they just foot the bill by being squeezed year after year for additional tax revenue not to support not just the current crop of teacher's lifestyles but those long retired. 


SRV - ES339's picture

Government unions are pro Dem... the Tea Party will stop at nothing to bust them, for their corporate masters, to kill the Dem election organizing skills (they're very good at it).

Why... more Tea Party corporate (the grass roots shit is just to reel in the sheeple) power through a GOP controlled government... then say goodbye to the middle class (created through decades of blood and sweat by the union members you hate, but I'm sure you are quite happy to benefit from their hard fought victories... 40hr week, a living wage for an honest days work, weekends off, and many more you simply take for granted)!

Glenn's on soon... you better go get your daily hate fix!

thedrickster's picture

Oh suck it.

"Hate speech", "Beck" break out your paradigm cracka.

Those union election organizing skills have bankrupted the state to WIs south. This is unsustainable.

shano's picture

Funny, Wisconsin was one of the few solvent states until the Gov. gave corporations a 145 million dollars in tax cuts.  Children are more important than corporations.  How would corporations have any customers or workers if they did not have an educated populace.  We get what we pay for.  


In Vermont they pay for very good schools, in Arizona they pay very little for crappy schools.  Arizona is broke and killing people by cutting health care services, Vermont is doing quite well with a 6% unemployment rate-and all their kids have healthcare.  They will be the first state to enact a state wide single payer system.  And they did all this by NOT letting corporations raid the treasury or do whatever they pleased.

wackyquacker's picture

exactly. Private sector unions (when not bailed out-gm etal) are subject to market forces and have to compete. Public sector unions do not. No natural system of check and balance. This showdown is a long time coming.

To you WI teachers: get your whiney asses back in the classroom (for the children, of course)

GoinFawr's picture

Divide and conquer.

You stupid "I'm all right so ef all the rest"/"If I can't have it you don't deserve it either" Americans make it so easy.

 That's it, keep clawing over one another for the scraps brushed off the tables of your plutocratic masters; play right into their hands.

What a bunch of rubes.


The teacher who's predecessors fought for a 'half-decent' living aren't your enemy.

The guy who worked 40 years and got laid off and is now collecting a tithe of what he paid into UE bene's just trying to keep a roof over his family's head isn't your enemy.

The unfortunate buying processed corn syrup with his SNAP card to survive awhile longer isn't your enemy.

All those listed above cost you pennies compared to the daily jacking you're getting elsewhere (c'mon you know where- keep up), if you had a quarter of a brain you'd be begging them all to sit down and have a beer with you.

Figure out who your real enemies are, fucking right now, and make it the fucking priority to remove them, or continue down the malevolent spiral of misery that you've allowed to rape you, and fuck your future generations even more.

FOCUS or perpetually lose, you pillocks.

Then you can start fighting over who eats the red smarties last, K?


bluemaster's picture

I agree with you GoinFawr and I am sorry to see Americans so desperate and so much hurt  ...


I think I need to buy a gun's picture

13000 people..yeah that should be on the news....but what i got last night was higer prices due to the weather both on local and national. The floods in Australia are going to send our prices thru the roof.

Cognitive Dissonance's picture

Yup, the MSM will blame it on the floods in Aussie land, cold weather in southern US and northern Mexico, whatever.

Blame it on anything but the Fed.